Miller Law Appointed Lead Counsel In National Class Action Against Fiat Chrysler

Miller Law Appointed Lead Counsel In National Class Action Against Fiat Chrysler

January 19, 2017

The Miller Law Firm has been appointed co-lead counsel in a national securities class action alleging that Fiat Chrysler Automobiles, N.V. (FCA) misled investors by improperly inflating its sales numbers. The action is captioned Samaras v. Fiat Chrysler Automobiles N.V., et al., No. 2:16-cv-12803-LVP-SDD and is pending in the U.S. District Court for the Eastern District of Michigan. The Complaint alleges that throughout the Class Period the Defendants made false and misleading statements and failed to disclose material adverse facts about the Company’s business and operations to investors, in part by purposely inflating FCA’s vehicle sales numbers and falsely promoting the Company’s apparent streak of U.S. monthly vehicle sales growth (on a year-over-year basis).

FCA is an international automotive group engaged in designing, engineering, manufacturing, distributing, and selling vehicles, components, and production systems. Its vehicles are sold under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brands and the SRT performance vehicle designation. FCA sells vehicles in the United States through its U.S. subsidiary, FCA US LLC (“FCA US”).